TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the May 2025 monthly cash distribution of €0.005 per Unit and Class B LP Unit (the “May 2025 Distribution”), being equivalent to €0.06 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the “Unitholders”) of record on May 30, 2025, with payment on June 16, 2025. The Euro-denominated di ...

Core Insights - Canadian Net Real Estate Investment Trust reported a solid quarter with an 8% increase in Funds from Operations (FFO) per unit, attributed to capital recycling and recent acquisitions [2][3][5] - The REIT announced an increase in annual distributions, reflecting enhanced profitability from prior investments [2][6] Financial Performance - For Q1 2025, Canadian Net reported FFO of $3.38 million, or $0.164 per unit, up from $3.13 million, or $0.152 per unit in Q1 2024, marking an 8% increase [3][9] - Rental income reached $6.9 million, a 4.7% increase from $6.54 million in Q1 2024 [3][9] - Net Operating Income (NOI) was $5.0 million, up 3.3% from $4.82 million in Q1 2024 [3][9] - The net income attributable to unitholders surged to $10.2 million in Q1 2025, compared to $1.3 million in Q1 2024, reflecting a 707% increase [4][9] Distribution Details - Starting July 2025, the annual distribution will increase from $0.345 to $0.350 per unit, representing a 1.5% increase [6][7] - Monthly cash distributions of $0.02917 per unit will be made on July 31, August 29, and September 29, 2025 [7] Investment Properties and Assets - Investment properties increased to approximately $295.09 million, a 7% rise from $276.40 million in the previous year [10][13] - Total assets grew by 5% to $321.28 million from $306.83 million [10] Non-IFRS Financial Measures - The REIT reported Adjusted Funds from Operations (AFFO) of $3.30 million, or $0.160 per unit, a 7% increase from $3.08 million, or $0.150 per unit in Q1 2024 [17] - EBITDA for Q1 2025 was reported at $11.96 million, a significant increase from $3.09 million in Q1 2024, reflecting an increase of 287% [18]

Uniti Group (UNIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ea ...

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Northview Residential REIT (the “REIT”) (TSX: NRR.UN) today announced the results of voting at its annual meeting of unitholders held on May 14, 2025 (the “Meeting”). Each of the nominees listed in the management information circular dated March 26, 2025 was elected as a trustee of the REIT at the Meeting. On a vote conducted by ballot, the voting results were as follo ...

Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Flagship Communities Real Estate Investment Trust (the "REIT") (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0517 per REIT unit for the month of May 2025, representing US$0.62 per REIT unit on an annual basis. Payment will be made on or about June 16, 2025, to unitholders of record as of the close of business on May 30, 2025. Forward-Looking Statements Distributio ...

Core Viewpoint - Presidio Property Trust, Inc. will implement a 1-for-10 reverse stock split of its Series A Common Stock to comply with Nasdaq listing requirements [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will take effect on May 19, 2025, with shares trading under the symbol "SQFT" and a new CUSIP number 74102L501 [2] - Every 10 shares of Series A Common Stock will be combined into 1 share, maintaining the same percentage ownership for stockholders, with adjustments for fractional shares [3] - Fractional shares will not be issued; instead, stockholders will receive an additional fraction of a share to round up to the nearest whole share [3] Group 2: Company Overview - Presidio is an internally managed real estate investment trust with a diversified portfolio including model home properties leased to homebuilders, as well as office, industrial, and retail properties [5] - The company's model homes are primarily located in the sunbelt region, while its other properties are mainly situated in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [5]

Company Overview - Vornado Realty Trust is a fully-integrated equity real estate investment trust [2] Transaction Details - Vornado Realty Trust's 55% owned joint venture has agreed to sell 512 West 22 Street, a 173,000 square foot Class A office building, for $205 million [1] - The sale is expected to close in the third quarter of 2025 and is subject to customary closing conditions [1] - A portion of the proceeds will be used to repay the $123.6 million mortgage loan encumbering the property [1]

Core Insights - Advanced Flower Capital Inc. reported a GAAP net income of $4.1 million, translating to $0.18 per basic weighted average common share for Q1 2025 [1][2] - The company also reported Distributable Earnings of $4.5 million, or $0.21 per basic weighted average common share for the same period [1][2] Financial Performance - The net income for the first quarter of 2025 was $4,067,685, a significant improvement compared to a net loss of $54,116 in Q1 2024 [15] - Distributable Earnings for Q1 2025 were $4,543,906, down from $9,965,706 in Q1 2024, with Distributable Earnings per basic weighted average share decreasing from $0.49 to $0.21 [15][16] Dividend Information - The company paid a regular cash dividend of $0.23 per common share on April 15, 2025, for shareholders of record as of March 31, 2025 [3] Strategic Focus - The CEO emphasized the company's priority in reducing exposure to underperforming credits while maintaining discipline in providing debt capital to successful operators [3] - The company aims to leverage market dislocations to invest in quality credits with strong risk-adjusted returns [3] Company Overview - Advanced Flower Capital Inc. is a commercial mortgage REIT that provides loans to state law compliant cannabis operators in the U.S., with loans typically ranging from $10 million to over $100 million [8]

Core Viewpoint - Five publicly traded real estate investment trusts (REITs) in the US announced increases to their regular dividend payments in April, indicating a positive trend in the sector [2] Group 1: Dividend Increases - Tanger Inc. (SKT) declared the largest percentage increase in quarterly dividend among the five REITs [2]

Core Insights - Sunbound has formed a strategic partnership with Omega Healthcare Investors, providing Omega's operator partners with exclusive access to Sunbound's financial solutions [2][3] - Omega Healthcare Investors will acquire an equity stake in Sunbound, indicating a commitment to enhancing senior living technology [3][4] Group 1: Partnership Details - The partnership allows Omega's extensive network of operator partners to access preferred pricing for Sunbound's payments and financing solutions [2][5] - Sunbound's technology is expected to improve operational efficiency and resident satisfaction for Omega's existing operating partners [4][5] Group 2: Company Profiles - Sunbound specializes in finance and accounts receivable solutions tailored for the senior living industry, focusing on improving cash flow and billing accuracy [7] - Omega Healthcare Investors is a real estate investment trust that invests in skilled nursing and assisted living facilities, operating a diverse portfolio across the US and UK [8]